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Deloitte Middle East operated as the listing advisor for Al Faleh Educational Holding Q.P.S.C. (Al Faleh) for listing of 240 million conventional shares on the Venture Market of Qatar Stock Exchange (QEVM) on 13 April 2021. The listing and admittance to trading of shares on QEVM has been accepted by the Qatar Financial Market Authority and the Qatar Stock Exchange (QSE). QEVM offers an alternative venue for listing and trading of shares for Small and Medium Enterprises (SMEs) who are incapable to meet the higher capital and further requirements of the main market of QSE. Al Faleh Educational Holding will be the first to list on QEVM and also the first in the education sector to go public in Qatar.
Robin Butteriss, Partner, Corporate Finance Advisory at Deloitte Middle East led this landmark transaction, said that were very pleased to have positively led and accomplished a complex transaction procedure that resulted in the introduction of the listing on QEVM. The knowledge and competences of the Financial Advisory team in Qatar played a major role in being the supportive ally to Al Faleh Educational Holding in the evolution to the next phase of growth and development, commented Butteriss.
Walid Slim, Partner at Deloitte Middle East reinforced Al Faleh all through the process and worked thoroughly with the Qatar Stock Exchange. Slim shared his opinions that the QEVM, as a dais, delivers similar companies an opportunity of retrieving capital markets and to branch out the sources of funding, which will upkeep all the future activity.
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